House Minority Leader Nancy Pelosi, D-Calif., took issue with a Congressional Budget Office report that says raising the minimum wage could cost jobs.

Written by

Susan Davis
USA Today

President Obama's call to raise the federal minimum wage could help lift 900,000 workers out of poverty, but at a cost of as many as 500,000 jobs, according to an analysis released today by the non-partisan Congressional Budget Office.

The White House and congressional Democrats--who are seeking to make a federal minimum wage hike a top issue in the 2014 elections--took issue with the politically sensitive report and said CBO's findings are inconsistent with the prevailing view among economists that raising the minimum wage does not impact employment.